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Marriage, Divorce and the Role of Prenuptial Agreements

| Oct 5, 2012 | Divorce, Prenuptial Agreements |

The saying “breaking up is hard to do” is vague enough that different couples can take it to mean different things.

For many divorcing couples, it may refer to emotional ties that are difficult to cut, even when there are many good reasons to do. Often, of course, such ties involve children.

For other couples, the difficulty of breaking up may be not so much the emotions as the nuts and bolts, such as property arrangements. It can be stressful to go through the property division process. This is true whether it involves high-asset divorce in Atlanta or any other type of divorce elsewhere in Georgia.

In some marriages, getting clarity on property questions may be where prenuptial agreements come in. Having a marital agreement in place specifying who would get what can be a very useful tool for gaining peace of mind despite the stress of change.

Not surprisingly, then, there is a trend toward greater use of prenups. With divorce rates high and many people marrying later in life, the role these agreements play concerning the financial aspects of marriage continues to increase. They are often used, for example, to specify the rights of children when a divorced parent remarries.

Nor are prenuptial agreements only the province of lawyers and accountants. Psychologists have weighed in on the matter as well, pointing out that far from killing romantic love, a prenup can clarify it by structuring the future financial partnership that is a key part of marriage.

For example, let’s say one would-be partner is very wealthy but the other is not. A prenup can prevent the wealth that one person has from becoming the elephant in the room that might undermine the relationship.

Source: “Saying ‘I Do’ to a Prenup,” Huffington Post, Mindy Utay, 10-1-12

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